Washington Business Fall 2019 | Washington Business | Page 34

washington business (continued from previous page) In 2018, research commissioned by Puget Sound Regional Council (PSRC) reported that Washington’s core space economy employed more than 2,900 people and generated nearly $1.2 billion in direct economic output. The cumulative impact is surprisingly strong: $1.8 billion in output and 6,200 jobs, with a payroll of $610 million. The space sector has “enormous potential,” says Lisa Brown, director of the state Commerce Department, building on the state’s century of aerospace dominance. Cataloging the ambitions of commercial space entrepreneurs would require volumes. Jeff Bezos, the founder of Blue Origin, envisions a trillion people living throughout the solar system. Elon Musk, whose SpaceX has operations in Redmond, contemplates commercial space flights. Others plan to mine asteroids, launch thousands of telecommunications satellites or map shifts in oceanic tides from space. For the visionaries, the sky is no limit. Defining that potential was one reason PSRC initiated the economic research, says Jason Thibedeau, the PSRC’s principal economic development manager. High-profile enterprises like Blue Origin and Stratolaunch, a project of late Microsoft co-founder Paul Allen, called attention to the sector, he says. But local leaders wanted to understand better the size and scale of the commercial space activity. The analysis revealed a vibrant industry at the intersection of Washington’s tech and aerospace clusters. “With space, it’s a little bit of a Venn diagram between our aerospace and our IT industry,” says Thibedeau. BERK, the firm that conducted the research, acknowledges that calculating the economic effects of the space economy can be challenging because of the overlapping supply chains and commercial uses of space products and services. To narrow it down, BERK focused on core elements: original equipment manufacturers, launch service providers, and satellite support services. The conservative approach most At A Glance likely understates the sector’s impacts. At the intersection of aerospace and technology, Washington’s space sector is already making significant economic contributions. washington firms played pivotal role from the start https://www.psrc.org/sites/default/files/the_ washington_state_space_economy-nov2018.pdf private sector leadership and opportunities http://choosewashingtonstate.com/why-washington/ our-key-sectors/aerospace/commercial-space/ 34 association of washington business Boeing was present at the beginning, extending expertise in defense and aerospace honed over decades. The Boeing Kent Space Center opened in 1964, just three years after President John F. Kennedy committed the nation to “landing a man on the moon and returning him safely to earth.” Among other pivotal contributions, Boeing built the first stage of the Saturn V rocket that sent Apollo 11 on its mission to the moon in 1969. That same year the company began building the lunar rover. (See sidebar on page 38.) Astronauts last walked on the moon in 1972. The following years saw the successes of the space shuttle, International Space Station and Hubble telescope, but also the tragedies of the Challenger in 1986 and Columbia in 2003. Public interest waned. Federal priorities changed. NASA funding